China’s northeastern city of Changchun, home to the country’s oldest automaker FAW Group, has released a draft plan through 2030 to revamp its decades-old auto sector, reports Reuters. The plan aims to attract electric-vehicle makers such as BYD and Xiaomi.
FAW group has experienced a decline in production and sales in recent years, and Changchun city plans to leverage its position as the FAW headquarters to attract partners such as Leapmotor to introduce new vehicle models.
The city is targeting high growth automakers including BYD and Xiaomi to set up northern production bases, smart vehicle R&D centres or key component projects to diversify its industrial base.